The collapse of credit booms: a competing risks analysis

Detalhes bibliográficos
Autor(a) principal: Castro, Vítor
Data de Publicação: 2020
Outros Autores: Martins, Rodrigo
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: https://hdl.handle.net/1822/66773
Resumo: This paper analyses the collapse of credit booms by using a discrete-time competing risks duration model to disentangle the factors behind the length of benign and harmful credit booms. The results show that economic growth and monetary authorities play the major role in explaining the differences in the length and outcome of credit booms. Moreover, both types of credit expansions display positive duration dependence, i.e. both are more likely to end as they grow older, but hard landing credit booms have proven to be longer than those that land softly.
id RCAP_a569207b442c3c5848a8b5192869132a
oai_identifier_str oai:repositorium.sdum.uminho.pt:1822/66773
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling The collapse of credit booms: a competing risks analysisCredit boomsDuration analysisCompeting risks modelMultinomial logitCentral Bank independenceC25C41E51This paper analyses the collapse of credit booms by using a discrete-time competing risks duration model to disentangle the factors behind the length of benign and harmful credit booms. The results show that economic growth and monetary authorities play the major role in explaining the differences in the length and outcome of credit booms. Moreover, both types of credit expansions display positive duration dependence, i.e. both are more likely to end as they grow older, but hard landing credit booms have proven to be longer than those that land softly.Fundação para a Ciência e Tecnologia (FCT).EmeraldUniversidade do MinhoCastro, VítorMartins, Rodrigo20202020-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/1822/66773engVitor Castro, Rodrigo Martins, The collapse of credit booms: A competing risks analysis, Journal of Economic Studies. DOI: 10.1108/JES-04-2019-019610.1108/JES-04-2019-0196https://www.emerald.com/insight/content/doi/10.1108/JES-04-2019-0196info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-10-07T01:22:15Zoai:repositorium.sdum.uminho.pt:1822/66773Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:46:22.032823Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The collapse of credit booms: a competing risks analysis
title The collapse of credit booms: a competing risks analysis
spellingShingle The collapse of credit booms: a competing risks analysis
Castro, Vítor
Credit booms
Duration analysis
Competing risks model
Multinomial logit
Central Bank independence
C25
C41
E51
title_short The collapse of credit booms: a competing risks analysis
title_full The collapse of credit booms: a competing risks analysis
title_fullStr The collapse of credit booms: a competing risks analysis
title_full_unstemmed The collapse of credit booms: a competing risks analysis
title_sort The collapse of credit booms: a competing risks analysis
author Castro, Vítor
author_facet Castro, Vítor
Martins, Rodrigo
author_role author
author2 Martins, Rodrigo
author2_role author
dc.contributor.none.fl_str_mv Universidade do Minho
dc.contributor.author.fl_str_mv Castro, Vítor
Martins, Rodrigo
dc.subject.por.fl_str_mv Credit booms
Duration analysis
Competing risks model
Multinomial logit
Central Bank independence
C25
C41
E51
topic Credit booms
Duration analysis
Competing risks model
Multinomial logit
Central Bank independence
C25
C41
E51
description This paper analyses the collapse of credit booms by using a discrete-time competing risks duration model to disentangle the factors behind the length of benign and harmful credit booms. The results show that economic growth and monetary authorities play the major role in explaining the differences in the length and outcome of credit booms. Moreover, both types of credit expansions display positive duration dependence, i.e. both are more likely to end as they grow older, but hard landing credit booms have proven to be longer than those that land softly.
publishDate 2020
dc.date.none.fl_str_mv 2020
2020-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://hdl.handle.net/1822/66773
url https://hdl.handle.net/1822/66773
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Vitor Castro, Rodrigo Martins, The collapse of credit booms: A competing risks analysis, Journal of Economic Studies. DOI: 10.1108/JES-04-2019-0196
10.1108/JES-04-2019-0196
https://www.emerald.com/insight/content/doi/10.1108/JES-04-2019-0196
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Emerald
publisher.none.fl_str_mv Emerald
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
_version_ 1799133032336064512

Registros relacionados